Home > Networking > Broadband > Feds Pledge 1Gbps Broadband Speeds To 75pc Of Aussies

Feds Pledge 1Gbps Broadband Speeds To 75pc Of Aussies

CANBERRA: Around eight million Australian homes should gain access to ultra-fast broadband speeds of up to one gigabit per second (Gbps) by 2023, according to a Federal Government statement.

It says the $4.5 billion network investment plan will give up to 75 per cent of fixed-line premises across regional and metropolitan Australia access to ultra-fast broadband.

It’s unclear when the other 25 percent of homes might expect the same speeds.

The proposed rollout isn’t being financed by a government handout. Instead NBN Co is expected to borrow the $4.5 billion from private debt markets.

A further spend of “up to” $700 million is envisaged to make business-grade fibre services “more affordable and accessible to more businesses, though at this stage there are few details available.

More details are promised when the Government announces its 2020-21 budget on Tuesday, October 6.

You may also like
Figures Reveal Full-Fibre NBN Could Be $10bn Cheaper
8 Million + Now Connected To NBN
These Are The Aussie Postcodes Desperate For Fast Broadband
Will Aussies Pay More For NBN Next Year?
Telstra Has Major Brand Problem As NBN Calls Fall On Deaf Ears